CLS Stock Recent News

Quant titan Steven Cress shares his top stocks for 2025. Celestica, Intapp's very strong liquidity and balance sheet, and why Credo Technology Group Holdings is his number 1 pick.

AI fever has helped power a two-year bull run on Wall Street as investors bet heavily on tech companies leveraging AI's power, a market projected to reach $1.36T by 2032. Not all AI stocks are created equal, as evidenced by AI ETFs, registering mixed performance amid some stretched tech valuations. Investors must choose carefully. SA Quant has identified six top AI stocks (three large and three "SMID" caps) with solid valuations and high earnings growth potential.

Celestica is transitioning from traditional contract manufacturing to an Original Design Manufacturer, or ODM, model, enhancing its value proposition in the market. This strategic shift positions Celestica to capitalize on emerging trends in technology and manufacturing, attracting new clients and partnerships. The company's focus on innovation allows it to deliver tailored solutions and products, making it more competitive in high-demand sectors.

Celestica (CLS) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

TORONTO, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Celestica's (TSX: CLS) (NYSE: CLS) fourth quarter financial results and conference call will take place on Thursday, January 30. The conference call start time is 8:00am ET. Financial results will be released after market close on Wednesday, January 29.

Celestica has gained nearly 80% since my previous call as of October 2024, driven by AI tailwinds and strong management. The company boasts 20%+ YoY revenue growth and a projected 2024 EPS of $3.86, with continued growth expected through 2027. Aggressive data center investments by tech giants like Microsoft, Amazon, Meta, and Google will likely sustain Celestica's growth.

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Global markets have been impacted by geopolitical tensions, inflation, and the 2024 U.S. presidential election. With the right opportunities and strategy, investors stand to gain in 2025. In 2025, consider making data-driven decisions using a strategy that identifies stocks collectively strong on growth, value, profitability, earnings revisions, and momentum. Seeking Alpha's portfolio of Top 10 Stocks for 2024 is up 125% vs. the S&P 500's 25%, with top picks, including AppLovin up 713%, Celestica up 215%, and Modine +94%.

Buoyed by a diverse portfolio of products integral to AI applications, CLS appears poised to replicate its stellar performance in 2025.

Celestica (CLS) concluded the recent trading session at $98.76, signifying a +1.9% move from its prior day's close.